Teck coal sales hit by extreme cold weather in Q4 CanadiansInvest
-NYSE) said its coal sales volumes were below targeted levels in the fourth quarter of 2022 due to extreme cold weather across Canada during December.
The company said the realized steelmaking coal price in the fourth quarter averaged US$278 per tonne. The coal sales and pricing update was released after the close of trading on January 10, 2023, when Teck shares closed at $53.09. The shares currently trade in a 52-week range of $57.50 and $32.68. Coal production is currently shipped via three B.C. west coast ports including Ridley, Neptune and Westshore Terminals. Located in Delta, British Columbia, Westshore Terminals is Canada’s premier coal export terminal and handles over 33 million tonnes of coal annually.
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